. >> in this environment with improving balance sheet consumer discretionary spending around improvement in housing, health care after being absent the last couple of years is certainly improving. valuations continued to be attractive and those sectors that are dependent upon the economy. industrials and materials look attractive. david: even though you are a little bearish, you have some pics. two of them have been beaten down. boeing with issues of defense spending and intel of course. why do you like these two stocks? >> if we tell you to look at stocks today, we are planning on you at least keeping those in our portfolio for three to five years all things being equal. boeing, that is a great play on the emerging market. that has been in the area ordering a lot of own planes. we like that. in the developed world they are very fuel efficient and that is a very big seller. there are fundamentals we think should propel boeing in the future. intel, they have not been present in the mobile device category, and we think in the next three to five years they have a compelling story and we thi